Watch for 50% retracement in the S&P

[Petsamo]

I'm referring to the Fibonacci retracement; it should be at the 1121 level, I think. I saw this on an article, I forgot where I saw it.

Be advised; This is NOT a top call.

 

[Mercor]

Nice top call.

 

[WallStWhizKid]

As long as the dollar continues its demise I'm suddenly in the DOW 15,000 by 2011 camp.

We'll also see Gold at 2000 and Oil at $150

Gonna be fun!!!

 

[tomahawk]

Furthermore, this fib sets up nicely with the trendline drawn from the high.

 

[TheMan]

or everyone could just trade what happens instead of what they think will happen


what a novel idea

 

[R. Raskolnikov]

What??? Then the % of "losers" would go from 95% to probably 60%. We can't have that!

Quote from TheMan:

or everyone could just trade what happens instead of what they think will happen


what a novel idea

 

[TheMan]

Quote from R. Raskolnikov:

What??? Then the % of "losers" would go from 95% to probably 60%. We can't have that!

your right

what was i thinking

i will enforce a

REVERSE BANG!!!!!!!!!!!!

on myself

 

[chrisjs87]

 

[Petsamo]

I found the article. Go to MarketWatch.com. Look through yesterday's articles, 10/14.

 

[MandelbrotSet]

Quote from TheMan:

or everyone could just trade what happens instead of what they think will happen

+1


... and they say ET has lost it's value.